Not for release, publication or distribution, in whole or in part, directly or indirectly in Australia, Canada, or Japan

<table><tr><td>Declarant or subject at the top of the participation chain</td><td>Direct Shareholder</td><td>% shareholding</td></tr><tr><td>GAMMA SRL</td><td>0.992%</td><td></td></tr><tr><td>AZUFIN SPA</td><td>1.191%</td><td></td></tr><tr><td>VM 2006 SRL</td><td>1.746%</td><td></td></tr><tr><td>MANTEGNA 87 SRL</td><td>0.103%</td><td></td></tr><tr><td>CALT 2004 SRL</td><td>0.127%</td><td></td></tr><tr><td>FINANZIARIA ITALIA 2005 SPA</td><td>0.159%</td><td></td></tr><tr><td>Total</td><td>5.026%</td><td></td></tr></table>

2.2 Persons Acting in Concert

Note that, in relation to the Offer, there are no persons acting in concert with the Offeror within the meaning of Article 101-bis, paragraphs 4, 4-bis and 4-ter, of the TUF and Article 44-quater of the Issuers' Regulation.